Mutual Fund AMCs in India.

360 ONE

AUM: ₹0.13 lakh Cr

360 ONE Mutual Fund is the asset management arm of 360 ONE WAM, the wealth and asset manager that was branded IIFL Wealth until its 2023 rename. Its schemes carried the IIFL name before that, and the house runs a compact, concentrated equity line-up aimed at long-horizon investors.

Abakkus

AUM: ₹0.10 lakh Cr

Abakkus Mutual Fund is the mutual fund arm of Abakkus Asset Manager, the boutique founded by Sunil Singhania, formerly head of equities at Reliance Mutual Fund. The firm built its record in portfolio management and alternative investment funds before entering the mutual fund business.

Aditya Birla Sun Life

AUM: ₹0.17 lakh Cr

Aditya Birla Sun Life Mutual Fund is run by Aditya Birla Sun Life AMC, a joint venture between the Aditya Birla Group and Sun Life Financial of Canada. In business since 1994 and listed on the exchanges since 2021, it is among India's larger houses across equity, debt and hybrid.

AlphaGrep

AUM: ₹98 Cr

AlphaGrep Mutual Fund is run by the asset management arm of AlphaGrep, a quantitative trading firm. Its schemes follow systematic, rules-based strategies rather than discretionary stock picking.

Angel One Mutual Fund is the asset management arm of the broker Angel One. It runs a passive-first line-up of index funds and ETFs rather than active equity schemes.

ASK

AUM: ₹104 Cr

ASK Mutual Fund is a new entrant backed by ASK Group, a prominent Indian wealth management and financial services firm known for its portfolio management services. It launched its first scheme in 2024.

Axis

AUM: ₹1.1 lakh Cr

Axis Mutual Fund is run by Axis Asset Management, majority-owned by Axis Bank with the UK's Schroders holding the minority stake. It launched its first scheme in 2009 and grew quickly on a growth-oriented, quality-biased equity style.

Bajaj Finserv

AUM: ₹0.30 lakh Cr

Bajaj Finserv Mutual Fund is run by Bajaj Finserv Asset Management, part of the Bajaj Finserv financial services group, and began launching schemes in 2023. Its line-up spans equity, hybrid and debt.

Bandhan

AUM: ₹0.87 lakh Cr

Bandhan Mutual Fund is the former IDFC Mutual Fund, bought in 2022 by a consortium of Bandhan Financial Holdings, ChrysCapital and GIC and renamed the following year. It carries a long-established debt franchise alongside its equity and index schemes.

Bank of India

AUM: ₹0.13 lakh Cr

Bank of India Mutual Fund is run by Bank of India Investment Managers, wholly owned by the bank since its former joint-venture partner AXA Investment Managers exited — the house was branded BOI AXA until then. It runs a compact equity, hybrid and debt line-up.

Baroda BNP Paribas

AUM: ₹0.23 lakh Cr

Baroda BNP Paribas Mutual Fund was formed in 2022 by merging Baroda Mutual Fund into BNP Paribas Mutual Fund, and is a joint venture between Bank of Baroda and BNP Paribas Asset Management. It pairs a public-sector bank's distribution reach with a global manager's process.

Canara Robeco

AUM: ₹1.1 lakh Cr

Canara Robeco Mutual Fund is a joint venture between Canara Bank and Robeco, the Dutch asset manager. It traces back to Canbank Mutual Fund, set up in 1987 as one of India's first fund houses, and is known for a conservative, quality-biased equity approach.

Capitalmind

AUM: ₹630 Cr

Capitalmind Mutual Fund is run by Capitalmind Asset Management, which grew out of the Capitalmind research and portfolio-management business founded by Deepak Shenoy. It is a small house with a quantitative, rules-based bent.

Choice

AUM: ₹212 Cr

Choice Mutual Fund is the asset management arm of Choice International, a listed financial services group with broking, distribution and advisory businesses. It is one of the industry's newer entrants.

DSP

AUM: ₹0.91 lakh Cr

DSP Mutual Fund is run by DSP Asset Managers, part of the DSP Group, a Mumbai financial firm whose broking lineage runs back to 1860. The house operated as a joint venture with BlackRock — and Merrill Lynch before it — until the DSP family bought out the foreign stake in 2018.

Edelweiss

AUM: ₹0.45 lakh Cr

Edelweiss Mutual Fund is the asset management arm of the Edelweiss Group. It absorbed JPMorgan's Indian schemes in 2016, and is known for running most of the industry's overseas feeder funds alongside its domestic equity and debt range.

Franklin Templeton

AUM: ₹0.93 lakh Cr

Franklin Templeton Mutual Fund is the Indian arm of Franklin Resources, the US manager, and has operated here since 1996. In April 2020 it wound up six of its Indian debt schemes — the largest such closure the industry has seen — and returned the money to unitholders over the following years.

Groww Mutual Fund is the asset management arm of the Groww investing platform, which acquired Indiabulls Mutual Fund in 2023 and rebranded it. The house leans towards low-cost index and passive schemes alongside a small active line-up.

HDFC

AUM: ₹2.9 lakh Cr

HDFC Mutual Fund is run by HDFC Asset Management, part of the HDFC Bank group and listed on the exchanges since 2018. It has been in business since 1999, absorbed Zurich India's schemes in 2003, and is consistently among the two or three largest fund houses by assets.

Helios

AUM: ₹0.14 lakh Cr

Helios Mutual Fund is run by Helios Capital Asset Management, founded by Samir Arora, the long-time India manager behind Helios Capital's offshore funds. It entered the domestic mutual fund business with a flexi-cap scheme and has kept a compact equity line-up since.

HSBC

AUM: ₹0.61 lakh Cr

HSBC Mutual Fund is the Indian arm of HSBC Asset Management and has operated here since 2002. It roughly tripled in size by acquiring L&T Mutual Fund in 2022 and merging the two line-ups.

ICICI Prudential

AUM: ₹0.59 lakh Cr

ICICI Prudential Mutual Fund is a joint venture between ICICI Bank and Prudential plc of the UK, in business since 1993. It is among India's largest houses by assets and runs one of the industry's widest scheme line-ups across equity, debt and hybrid.

IL&FS Mutual Fund (IDF) is an infrastructure debt fund vehicle rather than a retail fund house. Its schemes are close-ended and sold under SEBI's infrastructure debt fund framework, with a minimum investment that puts them out of reach of retail investors.

Invesco

AUM: ₹0.83 lakh Cr

Invesco Mutual Fund is the Indian arm of Invesco, the US asset manager. It began life as Lotus India Mutual Fund, was bought by Religare in 2008 and ran as Religare Invesco until Invesco took full ownership in 2016.

ITI

AUM: ₹0.11 lakh Cr

ITI Mutual Fund is run by ITI Asset Management, part of the Investment Trust of India group. It launched its first schemes in 2019 and runs a mix of equity, hybrid and debt funds.

Jio BlackRock

AUM: ₹0.22 lakh Cr

Jio BlackRock Mutual Fund is a 50:50 joint venture between Jio Financial Services and BlackRock, the world's largest asset manager. It began operations in 2025 with debt schemes and is building out its index and active range.

JM Financial

AUM: ₹0.12 lakh Cr

JM Financial Mutual Fund is the asset management arm of the JM Financial group and is one of India's oldest private fund houses, launched in 1994 when the industry first opened to private managers.

Kotak Mahindra

AUM: ₹1.4 lakh Cr

Kotak Mahindra Mutual Fund is run by Kotak Mahindra Asset Management, part of the Kotak Mahindra Bank group, and has been in the business since 1998. It was the first Indian fund house to launch a dedicated gilt scheme, and today runs one of the country's larger equity and debt line-ups.

Lakshya Mutual Fund is one of India’s newest AMCs, sponsored by Lakshya Asset Management Private Limited. It is in the early stages of building out its product range and has a very small AUM base.

LIC

AUM: ₹0.13 lakh Cr

LIC Mutual Fund is sponsored by the Life Insurance Corporation of India and has been in business since 1989. It absorbed IDBI Mutual Fund's schemes in 2023 and runs a mix of equity, debt and index funds.

Mahindra Manulife

AUM: ₹0.31 lakh Cr

Mahindra Manulife Mutual Fund is a joint venture between Mahindra & Mahindra Financial Services and Manulife of Canada, which took a 49% stake in 2020 in what until then was Mahindra Mutual Fund. It runs a compact equity, hybrid and debt line-up.

Mirae Asset

AUM: ₹1.2 lakh Cr

Mirae Asset Mutual Fund is the Indian arm of Mirae Asset, the South Korean manager, and has operated here since 2008. Its growth came largely from a small number of large equity schemes rather than a wide line-up.

Monarch

AUM: ₹26 Cr

Monarch Mutual Fund is a new entrant in the Indian mutual fund industry, backed by Monarch Networth Capital Limited, a diversified financial services firm. It is building its product line-up and currently manages a small AUM base.

Motilal Oswal

AUM: ₹1.1 lakh Cr

Motilal Oswal Mutual Fund is the asset management arm of the broker Motilal Oswal Financial Services and launched its first scheme in 2010. It is known for a concentrated 'buy right, sit tight' equity philosophy and for a large passive and international range.

Navi

AUM: ₹9,682 Cr

Navi Mutual Fund is run by Navi AMC, part of the Navi group founded by Sachin Bansal, which acquired Essel Mutual Fund in 2021 and rebranded it. Its line-up centres on low-cost index funds.

Nippon India

AUM: ₹1.9 lakh Cr

Nippon India Mutual Fund is managed by Nippon Life India Asset Management, which took control of the former Reliance Mutual Fund in 2019 when Nippon Life of Japan bought out the Reliance Capital stake. It is among India's largest fund houses by assets and is best known for its small- and mid-cap franchise.

NJ

AUM: ₹7,375 Cr

NJ Mutual Fund is the asset management arm of the NJ Group, one of India's largest mutual fund distribution networks. Its schemes follow a rules-based, factor-driven process rather than discretionary stock selection.

Old Bridge Mutual Fund is run by Old Bridge Asset Management, the boutique founded by Kenneth Andrade, formerly chief investment officer at IDFC Mutual Fund. It moved into mutual funds after running a portfolio management practice.

PGIM India

AUM: ₹0.25 lakh Cr

PGIM India Mutual Fund is the Indian arm of PGIM, the global asset management business of the US insurer Prudential Financial. It was formerly DHFL Pramerica Mutual Fund; PGIM bought out DHFL's stake in 2019 and renamed the house.

PPFAS

AUM: ₹1.7 lakh Cr

PPFAS Mutual Fund is run by PPFAS Asset Management, part of Parag Parikh Financial Advisory Services, and launched its first scheme in 2013. It is known for a value-oriented, low-churn approach, a deliberately small number of schemes, and holding overseas equities alongside Indian ones.

quant

AUM: ₹0.82 lakh Cr

quant Mutual Fund is run by quant Money Managers, which acquired the erstwhile Escorts Mutual Fund in 2018 and rebranded it. The house runs a data-driven approach with markedly higher portfolio turnover than most of its peers.

Quantum

AUM: ₹3,307 Cr

Quantum Mutual Fund is sponsored by Quantum Advisors and opened in 2006 as India's first direct-to-investor fund house, selling without distributors. It has stayed small, with a value-oriented, low-churn approach.

Samco

AUM: ₹2,546 Cr

Samco Mutual Fund is the asset management arm of the broker Samco Securities. It runs a small line-up built around the group's in-house stock-selection framework.

SBI

AUM: ₹1.8 lakh Cr

SBI Mutual Fund is a joint venture between the State Bank of India and Amundi of France, and was set up in 1987 as the first fund house in India outside UTI. It is the largest by assets, helped by managing a share of the EPFO's ETF investments.

Shriram

AUM: ₹1,136 Cr

Shriram Mutual Fund is run by Shriram Asset Management, part of the Chennai-based Shriram Group. It is one of the industry's smallest houses by assets, running a handful of equity and hybrid schemes.

Sundaram

AUM: ₹0.33 lakh Cr

Sundaram Mutual Fund is run by Sundaram Asset Management, part of the Chennai-based Sundaram Finance group, and has been in business since 1996. It absorbed Principal Mutual Fund's schemes in 2021 and has a long-standing small- and mid-cap franchise.

Tata

AUM: ₹0.53 lakh Cr

Tata Mutual Fund is run by Tata Asset Management, part of the Tata Group, and has been in business since 1995. It runs a broad line-up across equity, debt and hybrid, including several long-running thematic schemes.

Taurus

AUM: ₹1,097 Cr

Taurus Mutual Fund is one of India's oldest private fund houses, launched in 1993 when the industry opened to private managers. It has stayed very small, running a handful of equity schemes.

The Wealth Company

AUM: ₹1,837 Cr

The Wealth Company Mutual Fund is run by the asset management arm of the Pantomath Group, and was branded Pantomath Mutual Fund before its rename. It is one of the industry's newest houses.

Trust

AUM: ₹7,388 Cr

TRUST Mutual Fund is run by TRUST Asset Management, part of the TRUST Group, a financial services firm with a fixed-income heritage. Its line-up leans heavily towards debt schemes.

Unifi

AUM: ₹1,676 Cr

Unifi Mutual Fund is the mutual fund arm of Unifi Capital, a Chennai-based manager with a long record in portfolio management and alternative investment funds focused on small and mid-sized companies.

Union

AUM: ₹0.24 lakh Cr

Union Mutual Fund is sponsored by Union Bank of India, and was branded Union KBC until its Belgian joint-venture partner exited. It runs a small equity, hybrid and debt line-up.

UTI

AUM: ₹0.63 lakh Cr

UTI Mutual Fund descends from the Unit Trust of India, which was effectively the whole Indian mutual fund industry from 1963 until private managers were allowed in. It was carved out as a SEBI-registered fund house in 2003, is listed on the exchanges, and is held by SBI, LIC, Bank of Baroda, PNB and T. Rowe Price rather than a single parent.

WhiteOak Capital

AUM: ₹0.39 lakh Cr

WhiteOak Capital Mutual Fund is run by WhiteOak Capital Asset Management, founded by Prashant Khemka, previously chief investment officer of Goldman Sachs' India equity business. The house entered mutual funds by acquiring YES Mutual Fund in 2021 and now runs a broad equity and hybrid range.

Zerodha

AUM: ₹2,953 Cr

Zerodha Mutual Fund, which operates as Zerodha Fund House, is a joint venture between the broker Zerodha and smallcase. It launched its first schemes in 2023 and runs index funds and ETFs only — no active equity schemes.